CEO: Russian Post almost ready to become joint stock company

MOSCOW, Feb 3 (PRIME) -- Russian Post is “at an advanced stage of readiness” for corporatization, CEO Dmitry Strashnov said as cited in a statement on Friday following a government order to the communications ministry to work on a bill making it a public company so that parliament could consider it in 2017.

The draft law was first introduced to the State Duma, parliament’s lower chamber, in 2014. A government source told PRIME earlier this week that Strashnov could quit his post before the contract termination on July 1 and a new CEO will face the challenge of making the national post service a public company and even privatizing it.

Strashnov said in the statement that Russian Post has registered the rights for 90% of its assets, while in 2013, at the beginning of his term in office, the post service had official rights only for 20% of the property. “More than 6,500 unregistered units of real estate, which could have been lost for the post and for the state, were found and returned under control of Russian Post in less than four years.”

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